How much is DryCounty.com worth?

I saw that on that thefunniest.info site and couldn't resist saving it

you still in tax or moved onto transaction services now? good old hicksian theory, the bedrock of our wonderful lives.

Tax? Transaction services? You must be joking, I try & steer as far away from these as possible. Currently working in Management Accounts (& hopefully for the foreseeable future).

Didn't you move to London? Are you still in the old accountancy game?

all you guys are talking as a acquisition happens just as the books tell you

I've been with about 12 acquisition, the last 3 I was head-responsible, let me tell you one thing, the book is just a guide-line

Even in random accounting (IFRS). Not one company is working exactly according to those rules, of course they report according to it, but if a regular company uses the protocols they need twice as much people for the financial-department...

And IF your working exactly by the book, then your experience is definitaly too less OR you are working with a very boring accounting firm and not with an operational company...

The idea is that you have a guide line to start negotiating.... Or do you just go in & make up a price?

Of course first actual value of company will be decided according 'the book', but then it's always changed in our (as in our team) perspective value...+ what the added value is for us (company). And especcialy the last is very open...We once bought out a smaller competeter and eventually paid up 3 times the amount anyone would've paid in normal circustances... that decision only came from tactical perspective.

ah, i always thought you were in tax. i was on a brief secondment down to london for busy season which i'll be doing again this year with a view to a more permanent move. i had much more baggage to consider last year which put me off a more permanent switch but things seem to have fallen into place this time. i'm still in the dreaded audit and assurance and i have a hell of a nasty FTSE-350 client to plan for in the coming weeks. i'm fairly sure some of their pension provisions are simply pulled out of a hat.

the chances of making partner seem to be growing ever slimmer so i'm hoping to get into industry within the next few years.

where are you based at the minute?

the thing with IFRS is most of them have an allowed alternative treatment which gives companies a get-out in almost all circumstances.

Aaaaaah thankyou, saves me explaining to yanks just how wrong they are every time! bloody morons!

I was lucky in that I started out in Industry. You have to deal with a lot more politics, but I personally find it far more interesting. + if you get into the right company, the money can be very nice :P

Working in London bridge at the moment. Just accepted a new job working for Lloyds TSB (also at London Bridge), getting away from all of the number crunching & salary & benefits are very nice!

Absolutely,

Personally I have only been involved in asset & customer acquisitions but ultimately it comes down to what you are willing to pay & what the company is willing to accept. Lots of aspects (e.g. labour, market share, brand, location etc....) cannot be valued by the book & are subjective.